JSW Energy inches up as its arm commences operations at solar plant in Karnataka
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JSW Energy is currently trading at Rs. 340.60, up by 1.55 points or 0.46% from its previous closing of Rs. 339.05 on the BSE.
The scrip opened at Rs. 341.90 and has touched a high and low of Rs. 345.90 and Rs. 333.25 respectively. So far 6180 shares were traded on the counter.
The BSE group 'T ' stock of face value Rs. 10 has touched a 52 week high of Rs. 408.70 on 14-Oct-2021 and a 52 week low of Rs. 85.65 on 07-Apr-2021.
Last one week high and low of the scrip stood at Rs. 354.00 and Rs. 298.05 respectively. The current market cap of the company is Rs. 55740.89 crore.
The promoters holding in the company stood at 74.66%, while Institutions and Non-Institutions held 14.70% and 10.64% respectively.
JSW Energy’s subsidiary -- JSW Renewable Energy (Vijayanagar) has commenced operations at the 225 MW Solar plant at Vijayanagar, Karnataka. This project is part of the earlier announced 958 MW Solar and Wind Projects signed (25 year PPA) with JSW Steel under the Group Captive scheme. This solar project has commenced operations in a record time of less than 12 months despite several headwinds like Covid-19 related disruptions, elevated commodity prices, and global supply chain outages.
Apart from this, the company is also constructing 2.25 GW of greenfield renewable energy capacity in pursuit of reaching 10 GW capacity by FY25, and 20 GW capacity by FY30, entirely driven by renewables.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
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